The post How High Can Solana Go After Surging 85% This Month? Can This Meme Coin Pump Next After Raising $1 Million? appeared on BitcoinEthereumNews.com.

Solana (SOL) has been on an absolute tear last month after surging by over 85%, leaving the rest of the top-20 ranked coins in its dust. The cryptocurrency trades above $40, setting a fresh 13-month high as it recovers from the capitulation suffered during the FTX fallout. With altcoin projects rising, traders are also looking to alternative projects that can pump next, with one standing out after raising over $1 million. Solana Sees Epic Comeback Following FTX Fallout as VanEck Predicts 10,000%+ Surge Solana has seen an epic comeback following the FTX fallout of November 2022 as it recovers all the incurred losses. The Solana ecosystem suffered significant uncertainty during the FTX collapse as Former CEO Bankman-Fried had substantial investments in Solana-based projects, and the Solana Foundation itself had a large FTT treasury. Despite this, SOL is up by 435% from the December 2022 lows and surged by an epic 80% throughout October, allowing the cryptocurrency to break back above $40 and set a fresh thirteen-month high. The price surge allowed Solana to regain the seventh-ranked position, which currently holds a $17.8 billion market cap. Recently, global asset manager VanEck stated that they expect SOL to increase by over 10,000% in its 2030 bullish scenario. The firm, with over $75 billion in assets under management, stated that Solana would host the first DeFi app with 100 million users and expect the ecosystem to be monetized at 20% of Ethereum’s take rate – leading to the $3,211 bullish prediction. SOL Analysis: Where Is Price Heading Next? So, where is SOL heading next? After surging by 80% over the past 30 days, SOL managed to break the previous 2023 highs at $32.25 and climb as high as $46.80 yesterday; Looking ahead, the first resistance lies at $45. Beyond this, additional resistance lies…

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Filed under: News - @ November 3, 2023 3:10 am